Nifty is attempting to go higher but a stiff resistance at 5630 will block all the uptrend. If this attempt gets failed 2 or 3 more days then a downmove may be seen. Below 5490 their will be chances of breaking of previous low 5443 then a target of 5350 may be seen.
Nifty Future May's Critical Levels for 10.05.2011
Projected High : 5571
Projected Low : 5488
Resistance 5 : 5662 Short Here with Stop Loss of 5675
Resistance 4 : 5631
Resistance 3 : 5599 Book Profit above this level
Resistance 2 : 5589
Resistance 1 : 5580
. Buy at 5560 with sl 5545
Direction Change Level : 5548
. Short at 5532 with sl 5552
Support 1 : 5517
Support 2 : 5507
Support 3 : 5497 Book Profit below this level
Support 4 : 5466
Support 5 : 5434 Buy Here with Sl 5420
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